Economy of Kansas City

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H&R Block's new oblong headquarters in downtown Kansas City Kc-hr-block.jpg
H&R Block's new oblong headquarters in downtown Kansas City

The economy of the Kansas City metropolitan area is anchored by Kansas City, Missouri, which is the largest city in the state[ citation needed ] and the 37th largest in the United States. The Kansas City metropolitan area is the 27th largest in the United States, based on the United States Census Bureau's 2004 population estimates. The metro's economy is large and influential to its region.

Contents

Companies and employers

Former Sprint world headquarters campus, now T-Mobile US's second headquarters, designed by RMJM Hillier, in Overland Park Sprint-hq2.jpg
Former Sprint world headquarters campus, now T-Mobile US's second headquarters, designed by RMJM Hillier, in Overland Park

The Kansas City metro is the third largest beef-processing city in the US (behind Chicago and Cincinnati), and has the second largest rail network. The area has many factories, manufacturing plants, an official international trade zone, and the most foreign trade zone space in the nation. [1] It has a number of large national and international companies, including these:

Other major regional and national non-corporate employers headquartered and/or located in Kansas City include:

Products

Federal government

The federal government is the largest employer in Kansas City. In the wider metropolitan area, the federal government, either directly or through contracts, employs 41,500 people. The combined annual payroll of these jobs is more than $3 billion. [2]

The largest federal agencies in the Kansas City area by number of permanent employees are these:

The U.S. Postal Service employs more than 6,000 in the Kansas City area. Postal jobs are often counted separately from other federal jobs, because these positions are generally in the excepted service. Employees in these positions cannot earn competitive status or reinstatement rights for traditional federal employment.

Business publications

Kansas City has many business publications. Two of the most prominent are the Kansas City Business Journal (weekly), [3] and Ingram's Magazine (monthly). [4] Many of Kansas City's business scions also frequently appear in the Independent, the local society magazine (weekly), [5] and KC Business Magazine (monthly). [6]

Related Research Articles

<span class="mw-page-title-main">Kansas City, Missouri</span> City in Missouri, United States

Kansas City, Missouri is the largest city in the U.S. state of Missouri by population and area. Most of the city lies within Jackson County, with portions spilling into Clay, Platte, and Cass counties. It is the central city of the Kansas City metropolitan area, which straddles the Missouri–Kansas state line and has a population of 2,392,035. As of the 2020 census, the city had a population of 508,090, making it the 37th most-populous city in the United States, as well as the sixth-most populous city in the Midwest. Kansas City was founded in the 1830s as a port on the Missouri River at its confluence with the Kansas River from the west. On June 1, 1850, the town of Kansas was incorporated; shortly after came the establishment of the Kansas Territory. Confusion between the two ensued, and the name Kansas City was assigned to distinguish them soon after.

<span class="mw-page-title-main">Missouri</span> U.S. state

Missouri is a landlocked state in the Midwestern region of the United States. Ranking 21st in land area, it borders Iowa to the north, Illinois, Kentucky and Tennessee to the east, Arkansas to the south and Oklahoma, Kansas, and Nebraska to the west. In the south are the Ozarks, a forested highland, providing timber, minerals, and recreation. The Missouri River, after which the state is named, flows through the center and into the Mississippi River, which makes up the eastern border. With over six million residents, it is the 18th-most populous state of the country. The largest urban areas are St. Louis, Kansas City, Springfield, and Columbia; the capital is Jefferson City.

<span class="mw-page-title-main">Overland Park, Kansas</span> City in Kansas, United States

Overland Park is a city in Johnson County, Kansas, United States, and the second-most populous city in the state of Kansas. It is one of four principal cities in the Kansas City metropolitan area and the most populous suburb of Kansas City, Missouri. As of the 2020 census, the population of the city was 197,238.

<span class="mw-page-title-main">Kansas City, Kansas</span> Consolidated city-county in Kansas, United States

Kansas City is the third-most populous city in the U.S. state of Kansas, and the county seat of Wyandotte County. It is an inner suburb of the older and more populous Kansas City, Missouri, after which it is named. As of the 2020 census, the population of the city was 156,607, making it one of four principal cities in the Kansas City metropolitan area. It is situated at Kaw Point, the junction of the Missouri and Kansas rivers. It is part of a consolidated city-county government known as the "Unified Government". It is the location of the University of Kansas Medical Center and Kansas City Kansas Community College.

<span class="mw-page-title-main">Kansas City metropolitan area</span> Metropolitan Statistical Area in the United States

The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri and Kansas. With 8,472 square miles (21,940 km2) and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas. Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee's Summit, Missouri.

<span class="mw-page-title-main">Greater St. Louis</span> Metropolitan Statistical Area in the United States

Greater St. Louis is the 21st-largest metropolitan statistical area (MSA) in the United States, the largest in Missouri, and the second-largest in Illinois. Its core city—St. Louis, Missouri—sits in the geographic center of the metro area, on the west bank of the Mississippi River. The river bisects the metro area geographically between Illinois and Missouri, although the latter portion is much more populous. The MSA includes St. Louis County, which is independent of the City of St. Louis; their two populations are generally tabulated separately.

<span class="mw-page-title-main">Economy of Chicago</span>

Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020, surpassing the total economic output of Switzerland and making Chicago's gross metropolitan product (GMP) the third largest in the United States, The city is home to several Fortune 500 companies, including Archer Daniels Midland, Conagra Brands, Exelon, JLL, Kraft Heinz, McDonald's, Mondelez International, Motorola Solutions, Sears, and United Airlines Holdings, although Chicago has experienced an exodus of large corporations since 2020, including Boeing; Citadel LLC; Caterpillar; and Tyson Foods. Three Fortune 500 companies left Chicago in 2022, leaving the city with 35, still second to New York City.

<span class="mw-page-title-main">Downtown Kansas City</span> Place in Missouri, United States

Downtown Kansas City is the central business district (CBD) of Kansas City, Missouri and the Kansas City metropolitan area which contains 3.8% of the area's employment. It is between the Missouri River in the north, to 31st Street in the south; and from the Kansas–Missouri state line eastward to Bruce R. Watkins Drive as defined by the Downtown Council of Kansas City; the 2010 Greater Downtown Area Plan formulated by the City of Kansas City defines the Greater Downtown Area to be the city limits of North Kansas City and Missouri to the north, the Kansas–Missouri state line to the west, 31st Street to the south and Woodland Avenue to the east. However, the definition used by the Downtown Council is the most commonly accepted.

<span class="mw-page-title-main">Media in Kansas City, Missouri</span> Overview of mass media in Kansas City

The following media outlets serve Kansas City, Missouri and the surrounding Kansas City metropolitan area.

<span class="mw-page-title-main">Washington metropolitan area</span> Metropolitan area in the United States

The Washington metropolitan area, also referred to as the DC area, Greater Washington, the National Capital Region, or locally as the DMV, is the metropolitan area centered around Washington, D.C., the federal capital of the United States. The metropolitan area includes all of Washington, D.C. and parts of Maryland, Virginia, and West Virginia. It is part of the larger Washington–Baltimore combined statistical area, which is the third-largest combined statistical area in the country.

The economy of St. Louis, Missouri itself is fairly small with the most of the area GDP and office space in the area being in neighboring St. Louis County. This is mostly due to decades of white flight

<span class="mw-page-title-main">Economy of Houston</span>

The economy ofHouston is based primarily on the energy industry, particularly oil. However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. The Houston metropolitan area comprises the largest concentration of petrochemical manufacturing in the world, including for synthetic rubber, insecticides, and fertilizers. It is the world's leading center for oilfield equipment construction, with the city of Houston home to more than 3,000 energy-related businesses, including many of the top oil and gas exploration and production firms and petroleum pipeline operators. As of 2011, 23 companies on the Fortune 500 list have their headquarters in, or around, Houston.

<span class="mw-page-title-main">Economy of Omaha, Nebraska</span>

The economy of Omaha, Nebraska is linked to the city's status as a major commercial hub in the Midwestern United States since its founding in 1854. Dubbed the "Motor Mouth City" by The New York Times, Omaha is widely regarded as the telecommunications capital of the United States. The city's economy includes agriculture, food processing, insurance, transportation, healthcare and education. Warren Buffett of Berkshire Hathaway has lived in Omaha all of his life, as have the ConAgra Foods, Union Pacific Railroad and Mutual of Omaha Companies, and Kiewit Corporation, all Fortune 500 corporations.

Copaken Brooks, formerly Copaken, White & Blitt is a privately owned full-service commercial real estate developer headquartered in Kansas City, Missouri, that acquires, develops, leases, manages and sells various types of commercial assets within the Midwest for its clients and investors.

<span class="mw-page-title-main">Economy of Youngstown, Ohio</span>

The economy of Youngstown, Ohio, United States, flourished in the 19th and early 20th centuries, with steel production reaching all-time highs at that time. The steel boom led to an influx of immigrants to the area looking for work, as well as construction of skyscrapers in the area. The city's population peaked at 170,002 in 1930, just at the onset of the Great Depression. World War II also brought a great demand for steel. After World War II, demand for steel dropped off dramatically, and industrial base of Youngstown began to see a decline.

<span class="mw-page-title-main">Economy of Philadelphia</span>

Philadelphia is the center of economic activity in both Pennsylvania and the four-state Delaware Valley metropolitan region of the United States. Philadelphia's close geographical and transportation connections to other large metropolitan economies along the Eastern Seaboard of the United States have been cited as offering a significant competitive advantage for business creation and entrepreneurship. Five Fortune 500 companies are headquartered in the city. As of 2021, the Philadelphia metropolitan area was estimated to produce a gross metropolitan product (GMP) of US$479 billion, an increase from the $445 billion calculated by the Bureau of Economic Analysis for 2017, representing the ninth largest U.S. metropolitan economy. Philadelphia was rated by the GaWC as a 'Beta' city in its 2016 ranking of world cities.

<span class="mw-page-title-main">Economy of Greater Cleveland</span>

The economy of Greater Cleveland is diverse, but is based on healthcare, banking, finance, education, insurance, manufacturing, sports, and tech. The metropolitan area based in Cleveland is the 33rd largest in the country, and is home to over 2 million people.

The economy of Indianapolis is centered on the City of Indianapolis and Marion County within the context of the larger Indianapolis metropolitan area. The Indianapolis–Carmel–Anderson, IN MSA, had a gross domestic product (GDP) of $134 billion in 2015. The top five industries were: finance, insurance, real estate, rental, and leasing ($30.7B), manufacturing ($30.1B), professional and business services ($14.3B), educational services, health care, and social assistance ($10.8B), and wholesale trade ($8.1B). Government, if it had been a private industry, would have ranked fifth, generating $10.2 billion.

<span class="mw-page-title-main">Economy of the Washington metropolitan area</span>

The economy of the Washington metropolitan area includes the economy of Washington, D.C., and its suburbs, including parts of Maryland, all of Northern Virginia, and Jefferson County, West Virginia. In 2022, the DC metro area had the country's fifth-highest gross metropolitan product, at $541 billion. The region's economy is highly diverse and includes the principal industries of the US federal government, tourism, information technology, research, hospitality, news media, and bioscience.

References

  1. "KC SmartPort | Home". kcsmartport.thinkkc.com.
  2. The Kansas City Star . December 10, 2012 https://web.archive.org/web/20121213004944/http://www.kansascity.com/2012/12/10/3958568/no-1-employer-uncle-sam-keeps.html. Archived from the original on December 13, 2012. Retrieved February 25, 2021.{{cite news}}: Missing or empty |title= (help)
  3. Kansas City Business Journal
  4. "Ingram's Magazine". Archived from the original on 2006-02-25. Retrieved 2006-03-10.
  5. "The Independent – Keeping Our Town In The Know Since 1899".
  6. ""KC Business Magazine"". Archived from the original on 2012-08-08. Retrieved 2007-09-07.